The Blockchain Association and the Chamber of Digital Commerce, two Washington, D.C. based-advocacy groups focused on blockchain and digital assets, filed amicus briefs Tuesday in the U.S. Securities and Exchange Commission's case against messaging app Telegram.
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After court ‘win’ Telegram claims will abandon TON blockchain, gram token
A small win in court is overshadowed by messaging service turned blockchain developer Telegram’s announcement that it won’t maintain its own TON blockchain. But is it all hot air?
Telegram’s victory in court over the Securities and Exchange Commission Monday wasn’t much of a victory. In fact, it could prove to be the undoing of its planned Telegram Open Network blockchain platform and gram cryptocurrency. The simultaneous announcement that it won't integrate gram payments into its Telegram Messenger platform signals a recognition that its fight to keep the $1.7 billion in gram tokens it sold in 2018 from being declared a security is faltering.
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Bitcoin journal Nakamoto’s rocky start
Growing pains and hints of dissent have given the star-studded ‘pro-Bitcoin’ project more drama and attention than it hoped for
Touted as a general interest journal for the crypto community, Nakamoto launched on Jan. 4—the 11th anniversary of Bitcoin’s genesis block. And it had enough cryptocurrency star power to garner immediate attention, with list of nearly 60 contributors that reads like a “Who’s Who” in crypto. But cracks have already started forming...
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SEC: Telegram lied about its ICO
The Securities and Exchange Commission is ‘deeply troubled’ by blockchain developer’s refusal to turn over bank records; Telegram condemns the SEC’s ‘scorched earth’ attack on SAFT utility token sales
The U.S. Securities and Exchange Commission asked a judge on Thursday to make messaging service turned blockchain developer Telegram open its books in an effort to stop what it believes is an illegal securities offering. Telegram raised $1.7 billion in the first quarter of 2018 by pre-selling 2.9 million gram tokens.
